Sec. X-7. 5 MRSA c. 142 is enacted to read:

CHAPTER 142

MAINE BUDGET STABILIZATION FUND

§1521.__Definitions

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.

1.__Adjusted General Fund appropriation.__"Adjusted General Fund appropriation" means the General Fund appropriation for a given fiscal year plus any non-General Fund allocation for that fiscal year that will require a General Fund appropriation in upcoming fiscal years.

2.__Baseline General Fund revenue.__"Baseline General Fund revenue" means the recommended General Fund revenue forecast reported by the Revenue Forecasting Committee established in section 1710-E in its December 1st report, increased by the estimated amount of net tax reductions enacted in either the previous or current Legislature.

3.__Commissioner.__"Commissioner" means the Commissioner of Administrative and Financial Services.

4.__General Fund revenue shortfall.__"General Fund revenue shortfall" means the amount by which the General Fund appropriation limitation established by section 1524 exceeds baseline General Fund revenues and other available resources in each state fiscal year of the current fiscal biennium and the next fiscal biennium, as recommended and authorized by the Revenue Forecasting Committee established in section 1710-E in its December 1st report.

§1522.__Maine Budget Stabilization Fund